Bank of America Business Advantage Cash Rewards Mastercard Review, 3% on Gas and $350 Signup Bonus

Bank of America Business Advantage Cash Rewards Mastercard is a no fee business credit cards that has a good earning rate for gas and sometimes a decent signup bonus.

Bank of America Business Advantage Cash Rewards Mastercard

Signup Bonus

Get a $350 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening (added 8/17/2018) – Direct link to offer

Get a $200 statement credit when you make at least $500 in net purchases within 90 days of your account opening

Card Rewards

The Bank of America Business Advantage Cash Rewards Mastercard earn the following rates:

  • 3% at gas stations and office supply stores (up to $250,000 each calendar year)
  • 2% at restaurants and unlimited
  • 1% cash back on all other purchases

If you’re a Business Advantage Relationship Rewards client, you can get an additional 25% – 75% rewards bonus on the base earn of every purchase you make. The rewards bonus doesn’t apply to the signup bonus.

You can redeem your cash rewards as a statement credit, check, or have cash deposited into a Bank of America checking or savings account

Annual Fee

Bank of America Business Advantage Cash Rewards Mastercard doesn’t have an annual fee.

Applying for the Card

Bank of America business cards are not reported to the personal credit bureaus.

There’s been some reports recently that Bank of America might require you to open a CD before being approved for a business credit card. They might also ask for proof of business.

Guru’s Wrap-Up

A decent card for gas station and supply store purchases, but at 3% there’s better cards out there for each category. If you qualify for a relationship bonus, then it could go as high as 5.75%. The regular bonus on this card is just $200 after $500 in spending, but this increased offer will get you $350 with $3,000 in spending. Not a tremendous offer, but could be worthwhile for some people.

HT: DoC

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